As the cryptocurrency market enters 2025, XRP and Dogecoin stand out among the crypto assets that analysts expect to see major price movements. Here are analysts’ predictions for XRP and Dogecoin for 2025:
XRP Forecast: New Highs and $11 in 2025!
On-chain analyst Ali Martinez has predicted that XRP could make a big price move towards $11 by 2025. Martinez notes that the Bollinger Bands are tightening on XRP’s daily chart, indicating that a big price move is about to begin. He also emphasized that XRP has a very promising setup towards 2025, with a target of $11. This forecast is in line with market trends and XRP’s past periods of high volatility. However, XRP’s recent performance has also raised some doubts. Currently trading at $1.98, XRP has seen an 8% drop in the past week, taking its market value to $118 billion. Technically, XRP is trying to hold onto the support area at $1.86, while targeting the resistance level at $2.26. The psychological level of $2 has become a significant breakout point. A decisive move above this level could allow XRP to gain new upward momentum.
Another analyst, Javon Marks, has noted that XRP’s current price action bears resemblance to the bull run of 2017. According to Marks, XRP could be on the verge of a “breakthrough” rally, similar to the one that preceded the 2017 rally. If XRP were to reach $11, it would represent a roughly six-fold increase from current prices and would require a significant infusion of capital.
Dogecoin Forecast: Rising Towards $1.50
Dogecoin (DOGE) is also expected to see a major potential rally in the first quarter of 2025. TradingShot analysts note that Dogecoin’s current consolidation phase bears a strong resemblance to its accumulation period in January-February 2024. These similarities suggest that DOGE could be preparing for another major rally in the coming months. Dogecoin is down 45% from its all-time high on December 8 and has been trading sideways for the past week. However, according to the analyst, this phase typically signals periods of accumulation in bull cycles.
TradingShot highlights some technical factors that strengthen the possibility of a Dogecoin comeback. These include a break below the 50-day moving average (MA50), RSI levels in oversold territory, and strong support at the 200-day moving average. These indicators could be setting the stage for DOGE’s next big move. According to TradingShot’s analysis, this bears a striking parallel to Dogecoin going through a similar accumulation phase in early 2024.